Reserve Bank of India has clarified that it has not withdrawn the restriction on buying immovable property overseas even as it increased the amount Indians could freely remit overseas to $1.25 lakh form $75,000 earlier.BEIJING: China is lowering the minimum downpayment level for second-home buyers in most cities to 20 percent from 30 percent, the Ministry of Housing and Urban-Rural Development said on Monday.

The change applies to all Chinese cities except Beijing, Shanghai, Shenzhen and Guangzhou, where authorities can fix the respective downpayment levels for second-home buyers, subject to approval from the central government.